The secret is out.
IMPAC Mortgage introduced iQM – the next evolution of AltQM™ at the 2016 MBA Secondary Conference in New York.
iQM brings something the mortgage industry has needed for a long time – an even better way to serve creditworthy borrowers who don’t qualify under conventional loan guidelines.
iQM adds a human element into underwriting to help identify borrowers who have a strong ability and willingness to pay.
Conference attendees learned that they will soon have access to the four new iQM programs with expanded guidelines in June 2016.
The iQM Series incorporates four programs:
- Agency Plus
Designed for borrowers with multiple properties, including those with prior foreclosure and bankruptcy.
Engineered for borrowers using bank statements or eligible assets to qualify.
Developed for established investors, allowing an unlimited number of financed investment properties.
Created for non-U.S. citizens who lack a FICO score or U.S. tax return.
iQM’s more personalized approach ensures a straightforward origination process and greatly assists loan originators in expanding and diversifying their customer base.
If you aren’t able to meet with IMPAC at the MBA Secondary Conference 2016, contact your Relationship Manager to learn more about how you can take advantage of this intelligent, individualized approach to grow your origination business.